USD/CAD dips toward 1.3700 despite stronger US JOLTS data as traders turn cautious ahead of Wednesday’s BoC decision. Technical setup favors bears with USD/CAD stuck in a descending channel; 1.3700 acts as short-term support. Momentum indicators suggest exhaustion with the RSI near oversold levels and the MACD losing its bearish momentum. The Canadian Dollar (CAD) holds firm against the…
2025.06.03 2025.06.03 Stochastic oscillator: A complete guide, best settings, and trading strategies Michael Hypovhttps://www.litefinance.org/blog/authors/mikhail-hypov/ A stochastic oscillator is one of the most essential tools for determining market entry points. This momentum indicator measures market movement based on an asset’s price history and gauges an overbought or oversold market condition. Trading strategies that involve the stochastic oscillator are suitable for…
Is the BOC about to reinforce its neutral to optimistic stance this June? Our Event Guide for the BOC Decision suggests that the central bank could repeat its wait-and-see bias this time while reiterating their readiness to act if necessary. If so, I’m keeping an eye out for a Loonie relief rally on CAD/CHF or NZD/CAD….
I don’t think there is any reasonable basis to believe that the US consumer is going to stop spending any time soon. Yes, measures of consumer confidence are in the dumpster but those surveys — for whatever reason — are proving to be worthless in the 2020s. Below are four snippets from recent executive commentary. Taken together they paint…
Gold price eases back to psychological support at $3,350 following Monday’s 2.80% surge. The US Dollar attempts a recovery, but lingering concerns over trade tensions limit gains. JOLTS Job Openings data becomes the focus as it could provide insight into the health of the US labour market. Gold prices are experiencing a mild pullback after testing their highest levels…
2025.06.03 2025.06.03 DAX 40 Among Yearly Top Performers. Forecast as of 03.06.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The capital spillover from the US to Europe is boosting the German stock index. The DAX 40 has been among the ten fastest-growing indices since the beginning of the year. Conversely, the S&P 500 index is performing below expectations. Let’s discuss this topic and make…
Will BOC pull off a “dovish hold” event this week? Our Event Guide for BOC’s June Policy Statement suggests that the central bank would keep its rates steady again after pausing in April. Here’s why GBP/CAD and CAD/JPY present potential trade setups if Gov. Macklem and his team focus on downside economic risks this week: This Article…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you…
EUR/USD trims some gains ahead of the Eurozone CPI release. The US Dollar remains unable to take distance from multi-week lows. US Manufacturing PMI confirmed tariffs’ negative impact on factory activity. EUR/USD trades with moderate losses, following a strong performance on the previous day. The pair is moving around 1.1420 at the time of writing, with investors focusing on…
2025.06.03 2025.06.03 US Dollar Braces for Decline After ‘Big Beautiful Bill’ Passed. Forecast as of 03.06.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Since 2008, the negative balance of the US net international investment position has grown to an alarming $26 trillion. The US administration’s policy has initiated a reverse process, allowing the EURUSD pair to have room for growth. Let’s discuss this topic…
